Clipped from: https://taxguru.in/service-tax/service-tax-appeal-rejected-time-barred-proof-order-communication-cestat-bangalore.html?utm_source=follow.it Nerumbally and Co Vs Commissioner of Service Tax (Appeals) (CESTAT Bangalore) Limitation Period for Service Tax Appeal Starts from Receipt of Order, Not
Month: May 2026
*****One Extra “0”, One Massive Tax Demand – ITAT Pune Comes to the Rescue of an Army Jawan
Clipped from: https://taxguru.in/income-tax/extra-0-massive-tax-demand-itat-pune-rescue-army-jawan.html?utm_source=follow.it Naveen Nath Vs ITO (ITAT Pune) The Pune ITAT granted relief to an Indian Army jawan whose income was wrongly assessed at ₹45.27 lakh merely because his
*****Section 54F Deduction Cannot Be Denied Without Adequate Opportunity to Furnish Evidence
lipped from: https://taxguru.in/income-tax/section-54f-deduction-denied-adequate-opportunity-furnish-evidence.html?utm_source=follow.it Section 54F of the Income Tax Act, 1961 provides a valuable capital gains exemption to taxpayers who invest the net sale consideration from a long-term
*Cash Deposits in Bank Account Cannot Be Treated as Undisclosed Income Without Proper Consideration: ITAT Sets Aside ₹81.14 Lakh Addition [Read Order]
Clipped from: https://www.taxscan.in/top-stories/cash-deposits-in-bank-account-cannot-be-treated-as-undisclosed-income-without-proper-consideration-itat-sets-aside-8114-lakh-addition-1445655 ITAT sets aside addition on bank deposits lacking proper consideration The Income Tax Appellate Tribunal (ITAT) Kolkata Bench has held that cash deposits
WhatsApp security flaws could expose devices to attacks, warns Cert-In | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/whatsapp-security-flaws-cert-in-warns-cyberattack-126050600842_1.html Cert-In has warned WhatsApp users about multiple security flaws that could allow attackers to execute malicious code and gain unauthorised access on affected
WhatsApp security flaws could expose devices to attacks, warns Cert-In | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/whatsapp-security-flaws-cert-in-warns-cyberattack-126050600842_1.html Cert-In has warned WhatsApp users about multiple security flaws that could allow attackers to execute malicious code and gain unauthorised access on affected
Review cyber risks in 2 moths: RBI to banks – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news-review-cyber-risks-in-2-moths-rbi-to-banks-4233706/ Reserve Bank of India asks banks to review cybersecurity readiness within two months amid rising AI-driven threats and system vulnerabilities. Banks to assess
RBI continues to bring more gold back to India. Here’s why – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/rbi-continues-to-bring-more-gold-back-to-india-heres-why-530171-2026-05-06 In March 2023, 437.22 metric tonnes of gold were held overseas in safe custody with the BOE and the Bank for International Settlements.
Divorced daughter eligible for father’s pension if dependency proven, rules high court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/divorced-daughter-eligible-for-fathers-pension-if-dependency-proven-rules-high-court/articleshow/130854097.cms ET OnlineDivorced daughter deserted by her husband can get her late father’s family pension if her dependency on the father existed during his
Rural banks get cyber security boost – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance-rural-banks-get-cyber-security-boost-4233835/ To address this gap, the Bankers Institute of Rural Development (BIRD), a Lucknow-based institute affiliated with NABARD, has set up a dedicated Cyber Security Lab to provide a
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security Code – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-free-allowances-rise-so-do-employer-costs-the-salary-structuring-dilemma-under-the-social-security-code/articleshow/130828148.cms Listen to this article in summarized format New Income Tax Rules, 2026 rules offer increased tax-free allowances for salaried employees, potentially boosting take-home pay. However,
Power of Attorney in Tax Proceedings: Legal Validity & Scope
Clipped from: https://taxguru.in/corporate-law/power-attorney-tax-proceedings-legal-validity-scope.html?utm_source=follow.it 1. Introduction In day-to-day tax practice, representation is not just a convenience—it is often a necessity. Given the increasing complexity of tax laws
Old v New Regime –which one suits you ?– Courtesy ET
Clipped from: https://economictimes.indiatimes.com/wealth/tax/old-vs-new-tax-regime-key-differences-that-you-must-know-before-itr-filing-for-tax-year-2026-27/articleshow/130801415.cms Listen to this article in summarized format At first glance, the new tax regime seems like a great deal. With lower tax rates
Negligence claims can continue against heirs after doctor’s death: SC | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/negligence-claims-can-continue-against-heirs-after-doctor-s-death-sc-126050600894_1.html Top court clarifies patients can pursue claims against a deceased doctor’s heirs, with liability capped at inherited assets The Supreme Court has affirmed
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security Code – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-free-allowances-rise-so-do-employer-costs-the-salary-structuring-dilemma-under-the-social-security-code/articleshow/130828148.cms Listen to this article in summarized format New Income Tax Rules, 2026 rules offer increased tax-free allowances for salaried employees, potentially boosting take-home pay. However,
*Gift From NRI Relative Not Taxable as Income if Genuineness is Proved: ITAT [Read Order]
Clipped from: https://www.taxscan.in/gift-from-nri-relative-not-taxable-as-income-if-genuineness-is-proved-itat/430885 As gifts received from an NRI relative are not chargeable to tax, the tribunal directed the addition of 20,00,000/- made towards the income
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